S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
What's in Democrats' big bill? Climate, health care, savings
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:CWT

California Water Service Group - CWT Stock Forecast, Price & News

$59.78
-1.30 (-2.13%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$59.06
$61.17
50-Day Range
$48.76
$61.36
52-Week Range
$48.46
$72.08
Volume
166,754 shs
Average Volume
227,677 shs
Market Capitalization
$3.25 billion
P/E Ratio
36.23
Dividend Yield
1.67%
Price Target
$63.00

California Water Service Group MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
5.4% Upside
$63.00 Price Target
Short Interest
Bearish
2.21% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
+0.43
Upright™ Environmental Score
News Sentiment
-0.13mentions of California Water Service Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$138,595 Sold Last Quarter
Proj. Earnings Growth
12.36%
From $1.78 to $2.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Utilities Sector

51st out of 107 stocks

Water Supply Industry

10th out of 14 stocks

CWT stock logo

About California Water Service Group (NYSE:CWT) Stock

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It offers its services to approximately 494,500 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui and Hawaii; approximately 36,400 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, and Gig Harbor areas; and approximately 8,600 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers, as well as provides lab services. In addition, it offers wastewater collection and treatment services. The company was founded in 1926 and is headquartered in San Jose, California.

Analyst Ratings Changes

Separately, StockNews.com downgraded California Water Service Group from a "hold" rating to a "sell" rating in a report on Monday, August 1st.

California Water Service Group Stock Performance

CWT Stock traded down $1.30 during trading on Friday, reaching $59.78. 166,754 shares of the company's stock were exchanged, compared to its average volume of 227,677. California Water Service Group has a 1-year low of $48.46 and a 1-year high of $72.08. The firm has a market cap of $3.25 billion, a PE ratio of 36.23 and a beta of 0.34. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.87. The company's fifty day moving average price is $55.30 and its 200-day moving average price is $56.35.

California Water Service Group (NYSE:CWT - Get Rating) last issued its earnings results on Thursday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.24). California Water Service Group had a return on equity of 7.39% and a net margin of 10.69%. During the same period last year, the firm earned $0.75 earnings per share. On average, research analysts expect that California Water Service Group will post 1.78 EPS for the current fiscal year.

California Water Service Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, August 5th. California Water Service Group's dividend payout ratio is presently 60.61%.

Insider Transactions at California Water Service Group

In other news, VP Michael B. Luu sold 425 shares of the company's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $60.54, for a total transaction of $25,729.50. Following the completion of the transaction, the vice president now directly owns 18,277 shares in the company, valued at $1,106,489.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Michael B. Luu sold 425 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $60.54, for a total value of $25,729.50. Following the transaction, the vice president now owns 18,277 shares of the company's stock, valued at approximately $1,106,489.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Robert J. Kuta sold 1,365 shares of California Water Service Group stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $55.14, for a total transaction of $75,266.10. Following the completion of the transaction, the vice president now owns 12,094 shares of the company's stock, valued at $666,863.16. The disclosure for this sale can be found here. Insiders sold a total of 2,490 shares of company stock worth $138,595 over the last quarter. Company insiders own 0.97% of the company's stock.

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CWT Company Calendar

Ex-Dividend for 5/20 Dividend
5/06/2022
Dividend Payable
5/20/2022
Last Earnings
7/28/2022
Ex-Dividend for 8/19 Dividend
8/05/2022
Today
8/07/2022
Dividend Payable
8/19/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Water supply
Sub-Industry
Water Utilities
Sector
Utilities
CUSIP
13078810
Employees
1,182
Year Founded
1926

Price Target and Rating

Average Stock Price Forecast
$63.00
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+5.4%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
2 Analysts

Profitability

Net Income
$101.13 million
Pretax Margin
10.79%

Debt

Sales & Book Value

Annual Sales
$790.91 million
Cash Flow
$4.05 per share
Book Value
$22.21 per share

Miscellaneous

Free Float
53,829,000
Market Cap
$3.25 billion
Optionable
Optionable
Beta
0.34














CWT Stock - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" California Water Service Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
View analyst ratings for California Water Service Group
or view top-rated stocks.

What is California Water Service Group's stock price forecast for 2022?

2 brokers have issued 12-month price targets for California Water Service Group's stock. Their CWT stock forecasts range from $63.00 to $63.00. On average, they anticipate California Water Service Group's stock price to reach $63.00 in the next year. This suggests a possible upside of 5.4% from the stock's current price.
View analysts' price targets for California Water Service Group
or view top-rated stocks among Wall Street analysts.

How has California Water Service Group's stock price performed in 2022?

California Water Service Group's stock was trading at $71.86 at the beginning of 2022. Since then, CWT shares have decreased by 16.8% and is now trading at $59.78.
View the best growth stocks for 2022 here
.

When is California Water Service Group's next earnings date?

California Water Service Group is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for California Water Service Group
.

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) released its quarterly earnings data on Thursday, July, 28th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.60 by $0.24. California Water Service Group had a net margin of 10.69% and a trailing twelve-month return on equity of 7.39%. During the same quarter in the prior year, the firm posted $0.75 earnings per share.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group announced a quarterly dividend on Wednesday, July 27th. Shareholders of record on Monday, August 8th will be given a dividend of $0.25 per share on Friday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, August 5th.
View California Water Service Group's dividend history
.

Is California Water Service Group a good dividend stock?

California Water Service Group(NYSE:CWT) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.67%. California Water Service Group has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of California Water Service Group is 60.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, California Water Service Group will have a dividend payout ratio of 50.00% next year. This indicates that California Water Service Group will be able to sustain or increase its dividend.
View California Water Service Group's dividend history.

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

14 employees have rated California Water Service Group CEO Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among California Water Service Group's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of California Water Service Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

What is California Water Service Group's stock symbol?

California Water Service Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWT."

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by a number of retail and institutional investors. Top institutional investors include KBC Group NV (0.90%), Granite Investment Partners LLC (0.63%), Personal Capital Advisors Corp (0.57%), ProShare Advisors LLC (0.31%), TD Asset Management Inc. (0.17%) and Comerica Bank (0.11%). Company insiders that own California Water Service Group stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Peter C Nelson, Richard P Magnuson, Robert J Kuta and Terry Bayer.
View institutional ownership trends for California Water Service Group
.

How do I buy shares of California Water Service Group?

Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is California Water Service Group's stock price today?

One share of CWT stock can currently be purchased for approximately $59.78.

How much money does California Water Service Group make?

California Water Service Group (NYSE:CWT) has a market capitalization of $3.25 billion and generates $790.91 million in revenue each year. The utilities provider earns $101.13 million in net income (profit) each year or $1.65 on an earnings per share basis.

How many employees does California Water Service Group have?

California Water Service Group employs 1,182 workers across the globe.

When was California Water Service Group founded?

California Water Service Group was founded in 1926.

How can I contact California Water Service Group?

California Water Service Group's mailing address is 1720 NORTH FIRST STREET, SAN JOSE CA, 95112. The official website for California Water Service Group is www.calwatergroup.com. The utilities provider can be reached via phone at (408) 367-8200, via email at kgarcia@calwater.com, or via fax at 831-427-9185.

This page (NYSE:CWT) was last updated on 8/7/2022 by MarketBeat.com Staff

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